Question:
What do you mean by small business? Describe the feature of small scale enterprise.
Answer:
plant and machinery should not exceed Rs 1.5 crore. However, to facilitate technology upgradation and enhance competitiveness, the investment limit has been raised to Rs 5 crore in respect of 71 high tech export oriented items in drugs, pharmaceuticals, hand-tools and knitwear sectors, etc. Characteristics of Small-Scale Industries:
- Ownership: Ownership of small scale unit is with one individual in sole- proprietorship or it can be with a few individuals in partnership.
- Management and Control: A small-scale unit is normally a one man show and even in case of partnership the activities are mainly carried out by the active partner and the rest are generally sleeping partners. These units are managed in a personalized fashion. The owner is actively involved in all the decisions concerning business.
- Area of Operation: The area of operation of small units is generally localised catering to the local or regional demand. The overall resources at the disposal of small scale units are limited and as a result of this, it is forced to confine its activities to the local level.
- Technology: Small industries are fairly labour intensive with comparatively smaller capital investment than the larger units. Therefore, these units are more suited for economics where capital is scarce and there is abundant supply of labour.
- Gestation Period: Gestation period is that period after which teething problems are over and return on investment starts. Gestation period of small scale unit is less as compared to large scale unit.
- Flexibility: Small scale units as compared to large scale units are more change susceptible and highly reactive and responsive to socio-economic conditions.
They are more flexible to adopt changes like new method of production, introduction of new products etc.
- Resources: Small scale units use local or indigenous resources and as such can be located anywhere subject to the availability of these resources like labour and raw materials.
- Dispersal of Units: Small scale units use local resources and can be dispersed over a wide territory. The development of small scale units in rural and backward areas promotes more balanced regional development and can prevent the influx of job seekers from rural areas to cities.
Small Business
Q 1.
Give full from of SIDBI .
Q 2.
Name the apex bank set up to provide direct and indirect financial assistance to small scale sector.
Q 3.
State the features of cottage industries.
Q 4.
What is the investment limit for SSI?
Q 5.
What are the measures taken by the Government to solve the problem of finance in the small scale sector?
Q 6.
What is the parameter used by the government to identify service enterprise?
Q 7.
What forms of support is offered to small industries by the government?
Q 8.
What are the different parameters used to measure the size of business?
Q 9.
What is the difference between small scale enterprise and cottage industry?
Q 10.
What do you mean by small business? Describe the feature of small scale enterprise.
Q 11.
What is the role of District Industries Centre for the growth of small business in India?
Q 12.
How much do small industries in India account for the total industrial units?
Q 13.
Explain the role of SIDBI in promoting small scale enterprises.
Q 14.
Explain the areas where small businesses feel threatened from global competition.
Q 15.
Name the institution which was set up in 1982 to promote integrated rural development.
Q 16.
What is the purpose of NABARD?
Q 17.
Discuss any two characteristics of SSI.
Q 18.
What is the role of National Small Industries Corporation for the growth of small business units in India?
Q 19.
Write a short note on WASME.
Q 20.
Write a short note on village and small industries sector.
Q 21.
Give one feature of Cottage Industries.
Q 22.
Explain the meaning of small scale industry with its different categories.
Q 23.
Give full from of NABARD.
Q 24.
Name any two units included in SSI category.
Q 25.
Give any two problems faced by SSI.
Q 26.
Discuss the problems faced by small scale industries.
Q 27.
Highlight the role of the small business in promoting economic growth and solving other socio-economic problems.
Q 28.
Write a short note on SIDO.
Q 29.
What incentives have been taken by government to promote small scale industries?
Q 30.
What are the incentives provided by the government for industries in backward and hilly areas?
Q 31.
How do small scale industries contribute to the socio-economic development of India?
Q 32.
Describe the scope of small business in India.
Q 33.
Name any two institutions specially set up to promote small scale enterprises.
Q 34.
Describe briefly the problems of small scale enterprises.
Q 35.
Give any two incentives offered by the Government to small scale industries.
Q 36.
What measures have the Government taken to solve the problem of finance and marketing in the small scale sector?
Q 37.
State the objectives of small business in rural India.
Q 38.
What are the causes of sickness in small industries?
Q 39.
Describe the role of small business in rural India?
Q 40.
Small business is business at small scale. Do you agree? Explain.
Q 41.
List out major industry groups in the small sector in India.
Q 42.
How would you differentiate between an ancillary unit and a tiny unit?
Q 43.
What is the definition used by government of India for Small Scale Industries?
